The abrupt escalation in conflicts in the Middle East significantly influenced the global financial markets last week, causing capital influx into safe-haven assets. Amidst the military confrontations, Gold and other precious metals experienced a sharp Read more…
EUR/USD’s recovery from 1.0447 finished at 1.0639 last week after rejection by near term falling trend line. Initial bias is mildly on the downside this week for 1.0447 support. Firm break there will resume whole Read more…
USD/JPY recovered further last week but stayed below 150.15. Initial bias remains neutral this week and more consolidative trading could be seen. On the downside, below 148.24 minor support will turn bias to the downside Read more…
GBP/USD’s rebound from 1.2036 extended higher last week but was rejected by near term falling channel resistance, and fell notably since then. Initial bias remains on the downside this week for retesting 1.2036. Firm break Read more…
USD/CHF recovered ahead of 38.2% retracement of 0.8551 to 0.9243 at 0.8979 last week. But upside was capped by 55 4H EMA (now at 0.9075). Initial bias remains neutral this week first. On the upside, Read more…
With the late decline last week, AUD/USD’s recovery from 0.6284 should have completed at 0.6444 already. Decisive break of 0.6284 this week will resume whole fall from 0.7156. Next target is 100% projection of 0.7156 Read more…
With the late decline last week, AUD/USD’s recovery from 0.6284 should have completed at 0.6444 already. Decisive break of 0.6284 this week will resume whole fall from 0.7156. Next target is 100% projection of 0.7156 Read more…
USD/CAD’s rebound last week argues that pull back from 1.3784 has completed at 1.3568. Initial bias is mildly on the upside this week for retesting 1.3784. Firm break there will resume larger rise from 1.3091 Read more…
GBP/JPY rose to 183.79 last week but retreated notably since then. Initial bias remains neutral this week first. For now, the favored case is still that correction from 186.75 has completed at 178.02. Above 183.79 Read more…
EUR/JPY edged higher to 158.60 last week but retreated notably since then. Initial bias is neutral this week first. For now, the favored case is still that correction from 159.75 has completed at 154.32. Above Read more…